Bitcoin continues to trade within the strictest range, integrating the key psychological barriers of $120,000, above the $115,000 level. The price structure remains bullish, but market analysts are increasingly split. Some expect Bitcoin to be a higher invasion towards unknown territory, while others warn of incoming fixes, citing historical patterns and profit-making actions.
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New data from Cryptoquant reveals a major surge in whale activity when adding weight to the warning outlook. Whales trade monthly averages have skyrocketed nearly $17 billion in just four days. This type of jump is historically coincided with realising profits or increasing volatility as large holders adjust their positions.
Although bulls still manage this trend, this level of whale influx could introduce short-term sales pressure, especially as. Bitcoin Hover close by the greatest ever. Future days may prove crucial as market participants assess whether this activity marks the beginning of a larger stage of distribution or simply marks a healthy turn within a bullish upward trend.
Whale influx will skyrocket, but daily trends suggest potential mitigation
Top analyst DarkFost has focused on the significant development of Bitcoin’s market structure. According to him analysisthe last two major market leaders, with exchange inflows from large owners exceeding $75 billion. This is an event marking the beginning of a sharply modified or expanded integration phase. These influxes are important signals, often indicating that whales are beginning to distribute their possessions after strong gatherings.
Currently, the data suggest that similar patterns may unfold. Between July 14 and July 18, whales trading monthly averages surged from $28 billion to $45 billion, showing an increase of $17 billion in just four days. The recent 80,000 BTC transfers (linked to Satoshii Era whales) played a role in this jump, but also reflects a wider trend.
However, there is an important nuance. DarkFost notes that daily influx data shows a significant decline during the monthly averages surge. This suggests that sales pressure from whales may have at least temporarily subsided. If the trend continues, it can stabilize the market and provide space that could potentially prepare another foot.
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Bitcoin integrates under resistance in bullish structures
Bitcoin continues to trade within the narrow consolidation range between $115,724 to $122,077, as shown on the 4-hour chart. Despite the recent momentum paused, the wider structure remains bullish. Simple moving averages (SMAS) alignment of 50, 100, and 200 confirms healthy uptrends, all three moving averages tilt upwards and support price action from below.
The $122,000 level has proven to be a formidable resistance, and is trying to reject multiple attempts. Meanwhile, the $115,724 support remains intact, forming a clear short-term range. Volume has decreased over the past few sessions. This suggests indecisiveness or lack of conviction from bulls and bears. This type of integration often precedes a breakout, especially when tailored to a strong trend structure.
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A critical move above $122,077 with a strong volume could potentially confirm the next bullish leg targeting the $130,000 zone. Conversely, the bear can get the ground below the $115,724 support, while BTC can test 100 SMAs, close to $114,800, or revisit the deeper support zone. Until then, traders will need to closely monitor the volume profile and structure around these levels to predict the next breakout or breakdown.
Dall-E special images, TradingView chart
